We analyze the energy market and ETS outcomes in Kazakhstan, a major fossil-fuel exporter. The energy market was characterized by the presence of large state-owned enterprises, prevalence of fossil fuel subsidies, and dominance of coal-fired generation. Despite the ETS, Kazakhstan's CO2...

The European Green Deal is a comprehensive strategy aiming to fully decarbonize the economy by 2050, with a key target of a 55 % reduction in carbon emissions by 2030. This study contributes to the debate around the European Green Deal by providing insights from different dynamic stochastic...

The implementation of a carbon pricing policy to comply with GHG emission targets faces opposition in small economies. An integrated modeling exercise was carried out for Israel to assess the cost-effectiveness of GHG emission reduction options. Alternative policies in terms of carbon pricing...

As a part of its climate policy, Finnish government facilitated the creation of low-carbon roadmaps by sectors of industry. The roadmap process and the roadmaps were promoted as an international benchmark in COP26. They also form a part of the policy process towards the government's goal of...

Facing asymmetric carbon abatement information of the energy service company (ESCO), the manufacturer not only suffers from economic losses, but also is unable to achieve the optimum emission reduction effect. For a manufacturer, designing incentive contracts plays an essential role in reducing...

The carbon border adjustment mechanism (CBAM) of the European Union (EU) may become a significant global climate policy milestone. The EU trade partners most willing to accept CBAM could help it gain the critical mass necessary for survival and broader adoption. The cooperation of the world's...

The European Union (EU) has pledged to reduce greenhouse gas (GHG) emissions until the year 2030 by 55% compared to 1990. Recently, the EU institutions decided to introduce a new Emission Trading System for road transport, buildings and fuels for additional sectors (ETS2) in addition to the...

Market policies play a crucial role in facilitating the transition to a low-carbon society by restructuring the electricity market and influencing stakeholder behavior. Policymakers are concerned with how to implement these policies in terms of their intensity, combination, and timing. However,...

With the increasing global consensus on promoting carbon neutrality, China's efforts in carbon reduction governance are particularly prominent in Guangdong Province. This study focuses on utilizing data from 29 production sectors in Guangdong Province for the period of 2007-2020. The IPCC 2006...

Effectively improving the green innovation efficiency (GIE) in manufacturing is an important way to break through environmental and energy constraints. This study explored multiple mechanisms of carbon trading in GIE using a sample of A-share listed manufacturing enterprises in China from 2015...